Olo, Inc. ( (OLO) ) has released its Q1 earnings. Here is a breakdown of the information Olo, Inc. presented to its investors.
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Olo Inc. is a prominent restaurant technology provider offering ordering, payment, and guest engagement solutions, primarily operating in the SaaS sector to enhance restaurant operations and customer experiences. In its first quarter of 2025, Olo Inc. reported a robust financial performance, with a 21% increase in total revenue year-over-year, reaching $80.7 million, and a notable improvement in non-GAAP operating income. The company also expanded its active locations by approximately 2,000, reflecting its successful customer deployments and expansions. Key financial metrics for the quarter included a gross profit increase of 19% to $44.3 million and a net income of $1.8 million, marking a significant turnaround from a net loss in the previous year. Olo’s strategic advancements were highlighted by new deployments with major brands like Ben & Jerry’s and Pilot Travel Centers, as well as innovations such as the beta launch of Olo Guest Intelligence. Looking ahead, Olo’s management remains optimistic, projecting continued revenue growth and operational improvements for the remainder of 2025, positioning the company to capitalize on the growing trend of data-driven restaurant operations.